Wednesday, September 22, 2010

EURO-ZONE DEBT CRISIS IS OVER, Zapatero told the WSJ yesterday in New York after his meeting with a bunch of Wall Street's big fish. Not sure how much they believed him (those guys have their own sets of data they use, so they don't really rely on spin from an interested party, do they).

Because the markets are begging to differ this morning. This is how Madrid's stock market looks only a little over two hours since the opening bell:

UPDATE. It hasn't improved during the rest of the day: down 1.9%.

UPDATE II. The investors looked really interested and engaged, eh? (click to enlarge)